AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Short Interest Down 57.5% in July

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,665 shares, a decrease of 57.5% from the July 15th total of 3,918 shares. Based on an average trading volume of 988 shares, the short-interest ratio is presently 1.7 days. Approximately 0.2% of the shares of the stock are sold short.

AdvisorShares Gerber Kawasaki ETF Price Performance

Shares of GK traded down $0.02 during trading hours on Friday, hitting $29.93. 2,814 shares of the company were exchanged, compared to its average volume of 1,344. The company has a market capitalization of $32.62 million, a PE ratio of 10.50 and a beta of 1.38. The firm has a fifty day simple moving average of $28.93 and a 200-day simple moving average of $27.16. AdvisorShares Gerber Kawasaki ETF has a one year low of $22.69 and a one year high of $30.20.

Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF

An institutional investor recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management grew its position in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 934,728 shares of the company’s stock after buying an additional 14,239 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned approximately 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 at the end of the most recent quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.

AdvisorShares Gerber Kawasaki ETF Company Profile

The AdvisorShares Gerber Kawasaki ETF (GK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers exposure to a portfolio of US growth stocks across multiple investment themes believed to represent top thematic macro opportunities. GK was launched on Jul 2, 2021 and is managed by AdvisorShares.